🚨 BREAKING: Cronos just hit the emergency brake after a $75M exploit on Tectonic
Attacker drained the lending protocol through $TONIC price manipulation. Classic oracle exploit playbook.
CEO Kris Marszalek already out saying exchange funds are safe (aka your CEX bags are fine)
But the on-chain damage is done. Network halted = validators scrambling to contain the bleeding.
Another day, another DeFi protocol getting rekt by price oracle games. If you're still farming sketchy yields on low-liquidity tokens, this is your wake-up call.
Attacker drained the lending protocol through $TONIC price manipulation. Classic oracle exploit playbook.
CEO Kris Marszalek already out saying exchange funds are safe (aka your CEX bags are fine)
But the on-chain damage is done. Network halted = validators scrambling to contain the bleeding.
Another day, another DeFi protocol getting rekt by price oracle games. If you're still farming sketchy yields on low-liquidity tokens, this is your wake-up call.